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Red Bank to match state portion of tax relief; city to refund residents after trustee verification
Summary
The Red Bank Board of Commissioners reviewed a resolution to match 100% of the state portion of property tax relief for qualifying residents; the city will reimburse residents after the county’s trustee office confirms payment. Budget impact estimates are provisional.
Red Bank commissioners reviewed Resolution No. 25-1831 on a plan for the city to match the state portion of property tax relief for qualifying residents. Miss Perry, staff member, told commissioners the city will “match the state's portion, 100%.” The city will not determine eligibility; residents must apply at the state level and Hamilton County’s trustee office will notify the city when a resident qualifies and has paid their tax, at which point the city will issue a refund check. The resolution establishes a standard operating procedure to run the program through existing county processes and to reimburse…
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